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Home My WebLink About2057 i To H~v~ exo ru Ho~.o the s,?me~ *.ogc?lhce with all und sin~~l~~ tha tenements~ hereditaments and sppurL ~ tenencrs thereunto belonging or in snyw~se appe~tuining, ~nd the r+eve~sion and re~ersions, remsin~lec or n- inainders, u?d also ali the estate, right, title~ ~~t~rnst, l~o~n~~strad, doa•N~ and ~i ~ht ut doH•r~. srl~a~atr eatate. ~ ~oescssion, claim and demend v?l~stsoc~Pr. ss well in law as in ~~uity, oi tl~u ~ni~! ~1ur1~6?ur in and to the same and c~•er~• pMrt tli~rnof~ vvith the sppurtPnxnc~~s ot the said \iortgagor in ac?d ta the geuno, und evrry pert and ~ piurel tl~crnoi unlo tho sAid Morl~e?~e i~ tec+ simplc. ~ The Alort~;sgon c~rcby co~enants Nith the \iort~s~r, that ho ia iadefea.Rihl~ scizcd ot said lund in fee simple or sucl~ olher estale, d sny, us is s1at~~1 hrn•in; that he i?~.. [ull power and Iew ~ul right to con~ rv 1hc .xme ~ as afornsaid; that the lend is (rre lrom aU encumbrances exc~pl ns I~erni~ otliatwise recited; that said ~\lortgagoe ~ will mekc such turther assurancrs to provu the aWmsaid titlc to ssid land in sAid ~~ort~x~re ss ma~ be mason- F ablyteq uired, and thst said I1[ortgsgoc de~es hcrnby lullv werrant the title ta s~i~llxnd, and e~cry pxrt thereof~ ~ and wili defcnd thc same u~sinst the tawful clsims of a~l persons whomsoe~er. ~ Preovtneu ALw~~a that ii thc \tort~?~o~ shnll pe?y unto the 1ltort{~~~e ths~ certsin pmmiss~r~ note~ ot ' which the follaM ing is a substantial copy~ to wit: ; s 16,200.00 Fort Pierce , Ftorids. ; December 2a t9 67 ' ; . , FQR VALUfi RF.C6IYI'sD~ the undersi~ned prom:se(s) to pay to the orcier o ; ~ ss Administret~r oi Vctersns' .,lfeirs, an OA'icer ot the ~ Unit Am~,c ~ h,~s cr ch of~e ws and liis or their assi s t1,~ ri t sum of THt)tJ~A1~1~ zw8 and tio~Y~b- Doll ~'(s i8, pp ~ with internst fmm date et the rete of S X per centum ( 6%) per annum on the u~n~peid balsnce until psid. The said principel snd internst shall be pay able at th g. oflicc t the Laan Guarnnt,y OfFicer, Veterans Administration Regional OtTic.r., in St. Petersburg, F1ori~8 , or at such other lace ss the holder ma designgtc in wrii ng delivered or mxil~l to the debtar~ in monthl t ents of . ~iE HUNDRED Ft~~it and 38/10~- - - - - - - - - - -6$ollars (s ~ ; commey ~n on the rst dsy of February , Ig , and continuing on the ~ I~r~t da3 of each month thereafter until this note is fully peid, except that, if not sooner ? pu~~u r payment of p9nc9'ipal and interest shall be due and payable on the first dey of ` y , j Privilege is reserved to prepsy at sny time~ without premium or fee~ the entire indebtedness or sny part ; thereoi no~ less than the amount of one installment, or one hundred d~llars (5100.00), w•hichever is less. Any ; prepsyment made on other thnn an installment due dste will not be crndited until the next. fo11oW in~ inslallmant ' due date. ~ If sny deficiency in the pavment of any installment under this note is not made goocl prior to the due date ~ of the next such installment, tf?e entire prine~pal sum and accrued interest shxll st once become due and psy- : able without notice at the option of the holder of this note. Failure to eacercise this option shall not constitute ? s waiver of the right to exerc~se the same in the event of any subsequent default. In the event of default in the ; psyment of this note, and if the same is collected bq an attorney at law~ the underaigned hereby agree(s~ to ; pay all costs of coUection, including a reasonable attorney's tee. ' This note is given for purchase moneo of real estate and is secured by mortgage to secure debt of even ; date herewith, given and delivered by the undeisigned to payee on certain real property described therein. Presentment, protest, and notice are hereby waived. /s/ MARTHANIEL H. LEATH---------- [se~L] - thaniel H. Leath ~ j ~I~ VICTOR C. LEATH T IB~ALJ - Victor C. Leath ' ISBALJ : IBEALJ : And shall duly, promptly~ and fully perform, discharge, execute, efiect, compiete, and comply with and abide by esch and every the stipulations, agreements~ condit~ons, and covenants of said~ pmmissory note snd then this mort and the estate hereb created shall cease aud be null and void. of this mort $8~, g~ Y The Mortgagor further covenants sa follows: 1. Thet he rrill psy the indebtedness, as hereinbefore provided. Privilege is reserved to prepsy at any time, ~rithout premium or fee, the entire indebtedness or anp part thzreof not less than the amount of one u~stallment, or one hvndred dollars (5100.00)~ whichever is less. Anq pr~epsyment •made on other than an installment due date will not be credited until the next following installment due date. 2. Tn order more iully to protect the security of this mort_gage, the isortgagor, together a~th, and in addi- tion to, the monthly payments under the terma of the note secured hereby, on the ~nstallment due date day of each month until the said note is fully paid, will pay to the Atort~;ee as tniatee (under the terms of this trust as hereinafter ststed) l6e following sums: (s) A suni equsl to the ground rents, if any, next due. plus the premiums that will next become due and payable on policies of fire and ather hazard insurance covenng the mortgaged property, plus ta~es and assessments next due on the mortgaged property (all as estimated by Lhe ~i~rtgagee and of which the 1ltortgagor is notified) less all sums alreauy paid therefor divided b~ the number of mont6s to elapse before one month prior to the date vrhen suchgro und rents, prenuums, taxes, and a~- ments will become delinquent, such suma to be held by Mortgagee in trust to pay said ground rents, premiuma, tsxes, and apecial aseeasments. (b) The aggregate of the amounts payable pursuant to subparagraph (s) and thoee payable on the note secured hereby, shall be paid in a single psyment each month, to be spplied to the follov?~ng items in the order ststed: (I) ground renta, taxex, aseesarnents; fire, and other hazerd insurance premiums; (II) interest on the note secured hereby; and (III) amortization of the principal of said note. " Any deficiency in t6e amount ot suc6 aggregate monthlv psyment shall, unless made good by che biortgagor ~ pr~ior to the due date of the ne~1, such payment, constitute an event of default under this mortgnge. At Mortgagee's option, Mort~agor w ill pay a"late c6arge" not etceeding four per centum (4%) of any install- ment when paid more than fiftcen (15) dsys after the due dste thereof to cover the ea~ra expense ~nvolved in handling delinquent pavments, but such "late cha~ge" ahall not be payeble out of the proceeds of any sale macie to satisfy the indebtedness secured Lereby, unless such proceeds are au~cient to discharge the entire ~ indebtedneas and all proper coats snd expenses secured hereby. 3. 1f the total of the pepments made by the ~tor,~a~or under (a) of paragraph 2 preceding shall ecceed t6e ~ amount of pafinents actuall~ made by the hlortgagee, as ttustee for ground renta, taxes and a.~.~essments, and insurance premiwns, as the ca..~e mav be, such excess shell be creciitecl on subsequent payments to be made b~ th~ ~tort gagor for guch items or, at ~tort~;ee's option, as trustee shall be refunded to ~1ort~aRor. If, howerer, such monthly pa~ments ahall not be sufficient to pay such itrms when the sume shall becwme due ~m - and pa~able, then the ~iortRaf:or shall pay to the ~tortgagee as tru3tee nny amount necPSSar~ to make up